Loan Against Agricultural Land: Eligibility, Documents and Interest Rates

6 min 07 Mar 2025

Highlights:

Why Choose a Loan Against Agricultural Land?
Eligibility Criteria for a Loan Against Agricultural Land
Documents Required for a Loan Against Agricultural Land
How to Apply for a Loan Against Agricultural Land?

What is a Loan Against Agricultural Land?

A loan against agricultural land can be a smart financial solution for landowners who wish to pledge their agricultural land as a collateral to obtain funds. With a long tenure extending up to 15 years, a loan against agricultural property can help you meet business or housing-related expenses with ease.

Why Choose a Loan Against Agricultural Land?

By mortgaging agricultural land, you can access funds while retaining ownership of your property. Here are some benefits of opting for a loan against agricultural land:

Competitive Interest Rates: Being a secured loan, Loan Against Property comes with a competitive interest rate compared to an unsecured loan. This helps you manage your financial requirements easily.
Long Repayment Tenure: You can benefit from a repayment tenure extending up to 15 years, ensuring easy EMIs.
Substantial Loan Amount: With a sizeable loan amount of Rs.5 Crore* or more, based on eligibility, you can meet a variety of financial requirements.

Eligibility Criteria for a Loan Against Agricultural Land

To be eligible for a loan against agricultural land with Bajaj Housing Finance, applicants must fulfil the following criteria:

For Salaried Applicants:

A CIBIL score of 750 or above is preferred
The applicant must be a resident of India
Age should be between 28 and 58 years**
Must have at least 3 years of work experience in a public, private, or multinational organisation.

For Self-Employed Applicants:

A CIBIL score of 750 or higher is preferred
The applicant must be an Indian resident
Age should be between 25 and 70 years**
Should have a minimum of 3 years of continuous business operations

**The upper age limit is considered as age at the time of loan maturity. Additionally, the upper age limit for applicants is subject to change, depending on the property profile.

Documents Required for a Loan Against Agricultural Land

Ensure you have the following documents*** ready when applying for a loan against agricultural land:

Identity Proof: Aadhaar Card, PAN Card, or Voter ID
Mandatory Documents: PAN Card or Form 97
Address Proof: Aadhaar Card, Passport, or utility bills
Income Proof: Salary slips for salaried applicants and Profit & Loss statements and ITR for self-employed individuals
Property Documents: Ownership papers and property title deeds
Bank Statements: Last six months’ bank statements

***Additional documents may be requested during loan processing.

Interest Rate on a Loan Against Agricultural Land

With Bajaj Housing Finance, you can apply for a loan against agricultural land at a competitive interest rate starting at 9.30%* p.a. for self-employed applicants. To know more about the interest rates, click here.

How to Apply for a Loan Against Agricultural Land?

You can apply for a loan against agricultural land by visiting our nearest branch or following these steps to apply online:

Access the Loan Against Property application form and enter your personal details, including your name, contact number, and employment type.
Select the loan type and provide your net income details to help determine the most suitable loan offers based on your financial profile.
Enter the PIN code and the desired loan amount.
After receiving the OTP, enter it to proceed to the next step.
Fill in the remaining financial and property-related details.
Click ‘Submit’ to complete the application process.

After you submit the application form, our representative will contact you within 24 hours* to guide you further.

A Loan Against Agricultural Property serves as a valuable financial instrument for landowners seeking funds for agricultural or personal purposes. By understanding the key aspects, eligibility criteria, and application process, borrowers can make informed decisions and effectively leverage their land assets to meet financial goals.

FAQs

With Bajaj Housing Finance, you can repay your loan against agricultural land over a tenure of up to 15 years.

You need to submit the following documents*** to apply for a loan against agricultural land:

For Self-Employed Applicants:

Mandatory Documents: PAN Card or Form 97
Identity Proof: Aadhaar Card or Voter ID
Financial Documents: Profit & Loss statement and latest Income Tax Return (ITR)
Property Documents: Ownership papers and title deeds

For Salaried Applicants:

Mandatory Documents: PAN Card or Form 97
Identity Proof: Aadhaar Card or Voter ID
Income Proof: Salary slips for the last three months
Property Documents: Ownership papers and title deeds

***This is an indicative list.

Beyond competitive interest rates, loans against agricultural land can provide substantial funds for diverse needs without liquidating assets.

Bajaj Housing Finance offers loans against agricultural land of Rs.5 Crore* or more to eligible salaried and self-employed applicants.

You can avail of a loan against agricultural land with us and expect quick disbursal within 72 hours* after document verification.

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